ReVest Property Group is pleased to announce the sale of a freestanding industrial facility at 74 Mandoon Road, Girraween, which transacted at the full asking price of $5.75 million on a delayed settlement, with a 6-month up front lease.
The property comprises a 1,079sqm building* situated on a 2,945sqm site* within one of Western Sydney’s most tightly held industrial precincts. The facility attracted enquiry from both investors and owner-occupiers before ultimately selling to an owner occupier who took a 6 month lease with rent payable till settlement. “The sales campaign generated over 52 enquiries resulting in 4 offers. After a competitive process we managed to extract an asking price offer from an owner occupier that saw the value and opportunity the site presented” said John Karlovasitis, Senior Sales & Leasing Agent at ReVest Property Group.
“This sale highlights the ongoing demand for well-located industrial assets in Sydney’s central west,” said Elijah Shakir, Partner at ReVest Property Group. “Freestanding facilities on generous land parcels remain highly sought after, with buyers acting decisively when quality stock is offered.”
ReVest Property Group’s John Karlovasitis and Elijah Shakir managed the sale campaign, which generated competitive interest and multiple qualified offers.
Located in close proximity to the M4 Motorway, Great Western Highway and major distribution hubs, Girraween continues to benefit from tight vacancy rates and limited supply of freestanding industrial buildings.
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